Managing Credit Unit

Students will be able to:

• Observe how interest-bearing credit accounts impact a person’s ability to manage debt
• Analyze the actions of someone who found themselves in problematic debt
• Assess multiple strategies to reduce or eliminate debt
• Compare when late payments become troublesome and the potential consequences for late payments of different types of debt

Students will be able to:

• Analyze how often credit reports are used
• Summarize the content and purpose of a credit report
• Analyze a credit report
• Explain how to address errors on a credit report

Students will be able to:

• Compare the percentage of people in different credit score bands
• Explain what a credit score is and how one is calculated
• Analyze the different methods available to view their credit score
• Critique different credit score scenarios and formulate a plan on how to improve credit scores

Students will be able to:

• Explain how long it takes to establish a credit score
• Analyze reasons why it’s important to establish credit early in life
• Identify strategies to start building credit
• Compare the impact of different credit scores when taking out different types of loans

Students will be able to:

• Observe how interest-bearing credit accounts impact a person’s ability to manage debt
• Analyze the actions of someone who found themselves in problematic debt
• Assess multiple strategies to reduce or eliminate debt
• Compare when late payments become troublesome and the potential consequences for late payments of different types of debt

Students will be able to:

• Analyze how often credit reports are used
• Summarize the content and purpose of a credit report
• Analyze a credit report
• Explain how to address errors on a credit report

Students will be able to:

• Compare the percentage of people in different credit score bands
• Explain what a credit score is and how one is calculated
• Analyze the different methods available to view their credit score
• Critique different credit score scenarios and formulate a plan on how to improve credit scores

Students will be able to:

• Explain how long it takes to establish a credit score
• Analyze reasons why it’s important to establish credit early in life
• Identify strategies to start building credit
• Compare the impact of different credit scores when taking out different types of loans

Students will be able to:

• Identify strategies and sources of assistance for debt management, including credit counseling and debt consolidation
• Explain the impacts of filing for bankruptcy and compare Chapter 7 and Chapter 13 bankruptcy
• Create a plan for a person who is having difficulty repaying debt
• Identify the risks of using debt settlement programs

Students will be able to:

• Explain how debt can be used to build wealth
• Analyze how access to credit impacts wealth building
• Research credit protection laws 
• Describe how to recognize and respond to credit discrimination